With low interest rates, sales of financed cars achieved the best result for the beginning of the year since 2012 | National newspaper

sale Financed cars It was the busiest start to the year since 2012.

João Marcelino da Silva, who is self-employed, tested the car and could see the opportunity. Since 2023, he has wanted to buy another car for the family, but has only now found financing that fits his budget.

“Because of the interest rates. So, it ends up incentivizing us to invest in a car. Especially on used cars. It gives us better conditions to buy at the moment.”

The interest rate that Joao is watching has dropped. This means financing is cheaper. A car worth R$60,000 financed over 36 months will, in 2023, ultimately cost R$86,797.78. In 2024, this same financing will be R$84,063.99 – R$2,750 less.

In January and February, it was a little over 1 million dollars Vehicles all over Brazil. It is the highest volume since 2012, and the gradual decline in interest rates has been the largest The main element Such an optimistic start to the year.

Stabilizing default rates has helped, says planning director at B3, the Brazilian Stock Exchange.

“When we compare the first months of 2023, we actually see a more positive moment now in 2024. This is largely due to these macroeconomic indicators,” says Gustavo de Oliveira Ferro.

The number of financing for used cars was much higher than financing for new cars: more than double.

At one used car store, financing grew 20% in the first two months of 2024.

“The movement has been very hot. Sales have increased and we have been able to achieve much better results,” says businessman Taylon Ribeiro.

In a pre-owned shopping center in the northern area of ​​Rio, many customers are looking for economical cars to work in and payment facilities.

“It's definitely cars for applications. “This has gone up a lot, pretty much, and it's what most customers are looking for, especially in a zero down payment approval, which is one where you don't need to make any down payment when you buy the car,” says one man Works Gabriel Peixoto. .

“If it continues like this, many other people will also be able to achieve their dreams in the same way. This is our expectation, that everyone can achieve their dream,” says João Marcelino da Silva, who is self-employed.